Is ARMO Broker free as of December 2023?

Personally tested

Data-driven

Independent

Is ARMO Broker free as of January 2024?

ARMO Broker does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with ARMO Broker though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

Visit broker

New

Stock Fee Calculator

Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at ARMO Broker. To check and compare fees at other brokers, go to our main Fee calculator page.

Before doing so, check out our Privacy Policy and our General Terms and Conditions.

Top 5 brokers

Interactive Brokers

eToroeToro USA LLC; Investments are subject to market risk, including the possible loss of principal

Fidelity

Zacks Trade

Charles Schwab

Get your personalized toplist:

Find my broker

3.9 3.9 /5

Visit broker

Overview of ARMO Broker fees and charges

When it comes to brokerage fees, ARMO Broker is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether ARMO Broker fees are beneficial for you. Continue reading about ARMO Broker fees and charges to see if this is the right broker for you, or if a similar broker like CapTrader or Brokerpoint might suit you better.

Here's a high-level overview of ARMO Broker's fees

ARMO Broker Fees snapshot
Assets	Fee level	Fee terms
US stock fee	Low	$0.01 per share with a minimum of $3, but capped at 1.20% of trade value
EURUSD fee	Average	0.4 pips * trade value; minimum $4
US mutual fund fees	Average	$14.95 per transaction or 3% of trade value, whichever is lower
Inactivity fee	Low	No inactivity fee

Visit broker

ARMO Broker fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.

A commission is either fixed or based on the traded volume.
A spread is the difference between the buy price and the sell price.
A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.

Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare ARMO Broker fees with its closest competitors, CapTrader and Brokerpoint.

Visit broker

ARMO Broker trading fees

ARMO Broker's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to the different asset classes available at ARMO Broker.

Trading fees

ARMO Broker's trading fees are average.

Stock fees and ETF fees

ARMO Broker has low stock trading fees.

Stock fees of a $2,000 trade
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$3.0 $0.01 per share with a minimum of $3, but capped at 1.20% of trade value	$2.0 $0.01 per share; min. $2, max. 1% of trade value	$2.0 $0.01 per share for up to 2000 shares; $0.005 per share above that; min. $2
UK stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$9.9 0.12% of trade value with a minimum of £7	$10.0 £8 + 0.05% of trade value for trade value more than £50,000; fixed £8 for trade value less than £50,000	$2.9 0.10% of trade value, min GBP 2
German stock Estimated commission of a $2,000 trade	$4.2 0.12% of trade value with a minimum of €3.90	$4.3 0.1% of trade value with €4 min and €99 max	$2.5 0.10% of trade value

Data updated on January 15, 2024

Forex fees

ARMO Broker's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
EURUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$17.3	$16.8	$12.5
EURGBP benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$17.3	$16.8	$12.5

Data updated on January 15, 2024

Fund fees

ARMO Broker fund fees are average.

Fees of a $2,000 fund purchase
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower
EU mutual fund Subscription fee of a $2,000 face value European stock fund	-	-	-

Data updated on January 15, 2024

Bond fees

ARMO Broker has low bond fees.

Fees of a $10,000 bond trade
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$10.0 Order size less than $10,000, 0.1% of the trade value with a minimum of $5	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min. Free with IBKR Lite that is available for US and Indian clients.	$5.0 For the first $10,000 face value: 0.002% of trade value with $5 min.
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$10.0 Order size less than €50,000, 0.15% of the trade value with a minimum of €5	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min

Data updated on January 15, 2024

Options fees

ARMO Broker's options fees are high.

Options fees for 10 contracts
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
US stock options Estimated commission for opening 10 contracts	$33.0 3.3	$35.0 $3.5 per contract	$20.0 $2 per contract
US stock index options Estimated commission for 10 contracts	$33.0 $3.3 per contract	$35.0 $3.5 per contract	$20.0 $2 per contract
UK stock index options Estimated commission for 10 contracts	$41.3 £3.3 per contract	$43.8 £3.5 per contract	$37.5 £3 per contract
German stock index options Estimated commission for 10 contracts	$20.5 €1.9 per contract	$21.6 €2 per contract, from 1.000 contracts/per month special conditions	$20.4 €1.89 per contract

Data updated on January 15, 2024

Futures fees

ARMO Broker's futures fees are average.

Stock index futures fees for 10 contracts
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
US micro e-mini stock index futures Estimated commission for 10 contracts	$12.5 $1.25 per contract	$35.0 $3.5 per contract	$20.0 $2 per contract
UK stock index futures Estimated commission for 10 contracts	$41.3 £3.3 per contract	$43.8 £3.5 per contract	$37.5 £3 per contract
German e-mini stock index futures Estimated commission for 10 contracts	$20.5 €1.9 per contract	$21.6 €2 per contract, from 1.000 contracts/per month special conditions	$20.4 €1.89 per contract

Data updated on January 15, 2024

CFD fees

ARMO Broker has high CFD trading fees.

CFD fees and commissions on a $2,000 trade
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
Apple CFD Commission for a $2,000 stock CFD trade	$2.1 $0.01 per share with $2 min	$2.1 $0.01 per share with $2 min	$3.1 minimum $3, $0.003 per share from 2001 shares
Vodafone CFD Commission for a $2,000 stock CFD trade	$5.6 0.1% of trade value with £4 min	$5.6 0.1% of trade value with £4 min	$5.6 0.1% of trade value with £4 min
Germany Commission for a $2,000 stock CFD trade	-	-	-

Data updated on January 15, 2024

Currency conversion fee

ARMO Broker will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.4 pip * trade value; min. $4.

Margin rates

ARMO Broker margin rates are low.

ARMO Broker margin rates
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
USD margin rate	7.8% Interest on Margin Loans: IB rate + mark-up	7.8% Interest on Margin Loans: IB rate + 1%	7.8% Interest on Margin Loans: IB rate + mark-up
EUR margin rate	6.5% Interest on Margin Loans: IB rate + mark-up	6.5% Interest on Margin Loans: IB rate + 1%	6.5% Interest on Margin Loans: IB rate + mark-up

Data updated on January 15, 2024

Visit broker

ARMO Broker non-trading fees

When it comes to non-trading fees, ARMO Broker is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at ARMO Broker that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how ARMO Broker stacks up in terms of non-trading fees
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 One withdrawal per month is free, subsequent SEPA withdrawals cost €1 per withdrawal, while wire withdrawals cost €8 per withdrawal	$0 Free in the current calendar month, every additional bank transfer in the current month costs 8 Euro.	$0 Free withdrawal
Deposit fee	$0 Free deposit	$0 Free deposit	$0 No deposit fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	Yes If your portfolio is below $1,000 and no trades have been carried out during the month, then a monthly fee of $1 applies	Yes $1 monthly inactivity fee, if you have assets on your account
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee

Data updated on January 15, 2024

Visit broker

Top 5 brokers

Interactive Brokers

eToroeToro USA LLC; Investments are subject to market risk, including the possible loss of principal

Fidelity

Zacks Trade

Charles Schwab

Get your personalized toplist:

Find my broker

3.9 3.9 /5

Visit broker

ARMO Broker deposit fee

Usually, brokers don't charge anything for deposits, and ARMO Broker is no different.

ARMO Broker deposit methods
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No	No
Electronic wallets Electronic wallets are available for deposit	No	No	No
Deposit fee	$0 Free deposit	$0 Free deposit	$0 No deposit fee

Data updated on January 15, 2024

Visit broker

ARMO Broker withdrawal fee

ARMO Broker generally doesn't charge a withdrawal fee.

ARMO Broker withdrawal fees and options compared
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No	No
Electronic wallets Electronic wallets are available for deposit	No	No	No
Withdrawal fee for bank transfer Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 One withdrawal per month is free, subsequent SEPA withdrawals cost €1 per withdrawal, while wire withdrawals cost €8 per withdrawal	$0 Free in the current calendar month, every additional bank transfer in the current month costs 8 Euro.	$0 Free withdrawal

Data updated on January 15, 2024

Visit broker

ARMO Broker inactivity fee

ARMO Broker does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

Visit broker

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.